My Preliminary Business Plan

[Sean Brennan]

After some in depth study over the past few weeks, including hours of BP produced audio, interaction with the community, reading 123flip.com, and Marty Boardman's book, I think I finally have an understanding of the basics of this business. I'd especially like to thank Ann Bellamy, Joshua Dorkin, J Scott, and Brandon Turner for answering my questions.

My plan for the next two months is to network in my local market, attend local reia meetings, speak to actual investors, and begin to develop my "master mind" group. Of course I will continue to read and interact here.

I hope to find one or two active buyers that I can directly market for. Then, around the first of April, I plan to begin direct marketing in search for deals. I will start very slow at first with a budget of $100 for the first month. Then I will add $100 per month to my marketing budget until I am happy with the results. I know patience and discipline will lead to success here, so I am in no hurry.

My goal is to do two wholesale deals by the end of 2013. Once I have those under my belt I will attempt my first flip. From there I think I can really start pushing the pace. Another goal of mine is to slowly reduce my reliance on my appraisal income through 2014 and become a full-time investor by the end of that year.

So, what do you guys think?